A quick opinion on 1) What just happened on BTC a while ago.
More sellers than buyers, price dropped 6% in around 35 minutes. Almost 10% of ALL USD-M Open Interest wiped out, big liquidations yada yada
Lets zoom in 🔎
More sellers than buyers, price dropped 6% in around 35 minutes. Almost 10% of ALL USD-M Open Interest wiped out, big liquidations yada yada
Lets zoom in 🔎
Pay close attention vertical dashed line
Open Interest (OI)
Since that point, more than 5200 contracts (BTC) leveraged was added to the system
... WHILE
Open Interest (OI)
Since that point, more than 5200 contracts (BTC) leveraged was added to the system
... WHILE
CVDs
Orange line = SPOT (is currently leading)
Green = CVD USD-M Futs
White = CVD COIN-M Futs
CVD Futs down + Open interest up ⁉️
= people are shorting BTC here at the lows while spot has started buying
...might squeeze some bottom overleveraged shorts
time to short was 24-25k
Orange line = SPOT (is currently leading)
Green = CVD USD-M Futs
White = CVD COIN-M Futs
CVD Futs down + Open interest up ⁉️
= people are shorting BTC here at the lows while spot has started buying
...might squeeze some bottom overleveraged shorts
time to short was 24-25k
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